The Shire Woodstock Woodstock, VT

Resh Inc
Woonsocket, RI

M.V. Sunapee Lake Queen
Sunapee, NH

Residence Inn
Hamden, CT

Vanished Valley Brewing Co
Ludlow, MA

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Contact a Loan Specialist Now

EBERTO RANERO

781.478.3652

Contact Eberto

LAURA BROWN

781.478.3669

Contact Laura

HEATHER STORME

781.478.3667

Contact Heather

MIKE HORRIGAN

508.661.9437

Contact Mike

98% of businesses in New England
meet the basic eligibility requirements for SBA 504 financing.

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ABOUT SBA 504 LOANS

Learn everything you need to know about this unique financing program.

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ELIGIBILITY GUIDELINES

Review loan guidelines and use our online tools to check eligibility.

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DEBENTURE RATES

See the current and historical debenture rates.

Loans to Small Businesses

Total Project Financing

Jobs Created

What’s the deal?

Borrowers can obtain up to 90% financing, with up to 40% from Bay Colony at a 10, 20 or 25-year below market fixed rate and 50% from the participating lender at a conventional market rate.

Who can borrow?

Almost all types of businesses are eligible. Review the general eligibility guidelines to see if you are eligible.

What can the money be used for?

Acquisition, improvement or new construction of fixed assets including owner occupied commercial real estate as well as equipment with a useful economic life of 10 years or more can be financed by a 504 loan. Almost all soft costs can be included.

How large (or small) could the project size be?

Our portion of the total project cost cannot be lower than $25,000. While there is no maximum limit on the total project costs, Bay Colony can lend up to $5 million ($5.5 million in certain cases).

Why Bay Colony?

As a leading provider of SBA 504 financing since 1981, we are one of the nation’s oldest and most experienced Certified Development Companies. Client satisfaction is the cornerstone of our values.

Where is financing available?

We serve businesses in all of Massachusetts, New Hampshire, Rhode Island, and Vermont, and in several counties in Connecticut.See More

Recently Funded Projects

See All Loans Funded

Loans Funded October 2025

Loans funded in October 2025 ranged from $167,000 to $1,860,000 and provided assistance to businesses located in Mashpee, Everett, Marblehead, Foxboro, West Boylston & Raynham, MA as well as Providence & Cranston, RI and Portsmouth, NH. The projects will contribute to the creation of 11 Jobs.

Loans Funded September 2025

Loans funded in September 2025 ranged from $117,000 to $2,098,000 and provided assistance to businesses located in Cheshire, Canton, Salem, Worcester, Boston, Leominster, Wilmington, Duxbury, MA as well as Plaistow, Rye, Merrimack, Londonderry and Hillsborough, NH. The projects will contribute to the creation of 40 Jobs.

Loans Funded August 2025

Loans funded in August 2025 ranged from $171,000 to $404,000 and provided assistance to businesses located in Westfield and Scituate, MA and Smithfield, RI. The projects will contribute to the creation of 4 Jobs.